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Reality vs. Buffett Rule
Reality vs. Buffett Rule

by Robert Robb/azcentral.com

At this point, a dispassionate discussion of the taxation of investment income is probably impossible. But let's give it a try anyway.

To promote his proposals to tax the wealthy more, President Barack Obama is trying to create the impression that millionaires and billionaires generally pay a lower effective tax rate than middle-class Americans. That's demonstrably false.

According to the latest IRS data, families with incomes in the $50,000 to $100,000 range pay on average 8.9 percent of it in federal income taxes. Those making a million dollars or more pay on average 23.3 percent of their income in federal income taxes. The gap narrows when other federal taxes are included, such as payroll taxes, but the federal tax code remains sharply progressive.

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Next ACC Open Meeting: Feb 14th & 15th, 2012

The next Open Meeting at the Arizona Corporation Commission has been scheduled:

Tuesday, February 14th and Wednesday, February 15, 2012.

To view the schedule for additional meetings (both Open and Hearing), go to:

www.azcc.gov and scroll down the lefthand side to "schedules."

 

 

 
APS Customers Likely to See Bills Decrease
APS Customers Likely to See Bills Decrease

By Ryan Randazzo/az.central.com

If utility regulators approve, Arizona Public Service Co. customers could see a 1 percent drop in their average bill this year and no base-rate increases until 2016.

APS went to state regulators in June asking for a 6.6 percent rate increase, but pressure from consumer groups and low natural-gas prices helped seal a deal more favorable to ratepayers. The state's largest utility and 20 large customers, consumer groups and other stakeholders have signed an agreement, which must be voted on by the Arizona Corporation Commission, that would hold rates steady for at least a year.

During negotiations, APS agreed to major changes to its rate request in the face of criticism from groups such as AARP. In return, APS would receive one of its key goals: financial incentives for the company to promote energy efficiency.

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Southwest Gas Rate Hike OK'd
Southwest Gas Rate Hike OK'd

By Ryan Randazzo /The Arizona Republic

Regulators narrowly approved a rate increase for Southwest Gas Corp. on Tuesday that will average about $3 a month for the typical single-family home and allow the company to charge a fee to make up for sales it loses to conservation.

The rate increase depends on how much gas customers use and will affect people in cold climates who use gas for heating more than the customers in metro Phoenix, who use the fuel to cook and heat water.

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Wind Farm Generates Debate

Perrin Ranch neighbors vow to prevent more projects
by Ryan Randazzo / The Arizona Republic

The cranes now hoisting giant wind-turbine blades between Williams and the Grand Canyon represent a victory for renewable-energy advocates and a defeat for nearby residents who fear for their property values.  turbinesarizona

The debate foreshadows others on the horizon as utilities rapidly increase the amount of energy they get from renewable sources such as solar and wind, and as those projects encroach farther on people in rural areas.

The Perrin Ranch Wind Energy Project now under way and scheduled to open in early 2012 is the culmination of years of debate regarding Arizona wind farms.

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Arizona Drops out of Climate Initiative
Arizona Drops out of Climate Initiative

Howard Fischer Capitol Media Services/Arizona Daily Star


PHOENIX - The Brewer administration withdrew from the Western Climate Initiative on Wednesday, ending several years of efforts by states and Canadian provinces to force a reduction in greenhouse gas emissions.
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First Solar Changes: ‘This really is not like Solyndra.’

Phoenix Business Journal; Patrick O'Grady, Reporter

Changes at the top of First Solar’s executive team this week have raised new questions about the solar manufacturer as it seeks to keep its place atop the industry hierarchy.

first solar panelRob Gillette stepped down as CEO Tuesday, and the company announced in a brief statement that Mike Ahearn, a co-founder and chairman, would return to the CEO role on an interim basis.

Ted Meyer, the company’s vice president of corporate communications, said the company had no further comment beyond the statement. The move comes just eight days before Tempe-based First Solar (Nasdaq: FSLR) is scheduled to release its third-quarter earnings.

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Supply Pinch inTexas Tests Electricity Rules
Supply Pinch in Texas Tests Electricity Rules

By REBECCA SMITH / Wall Street Journal  Oct. 3, 2011

Supply shortages in Texas' electricity market have state regulators considering major changes that would boost supplies but also could raise electricity prices for consumers.
mtpleasanttxpowerplant
Low wholesale prices have prompted power companies to defer construction of generating plants and shutter old units, cutting supplies. Meanwhile, demand hit record levels this year, due to extreme heat and continuing population growth. Texas came close to rolling blackouts this summer and had rolling blackouts in February when electricity supplies gave out during a cold snap.

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Investor Alert: Risk of Fraud in Self-Directed IRAs
Investor Alert: Risk of Fraud in Self-Directed IRAs

By Breann Bierman / KPHO.com

The Arizona Corporation Commission has a message for investors around the state.  The Commission warns of the potential risks of investing through self-directed Individual Retirement Accounts, commonly known as self-directed IRAs.

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